Continuous-Time Airline Overbooking with Time-Dependent Fares and Refunds

DOI10.1287/trsc.33.2.182zbMath1002.90525OpenAlexW2132452544MaRDI QIDQ2783847

Richard E. Chatwin

Publication date: 10 January 2003

Published in: Transportation Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/trsc.33.2.182

zbMATH Keywords

airline overbookingcontinuous-time birth-and-death process with rewardsreservations process

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20)

Related Items (7)

Analysis of seat allocation and overbooking decisions with hybrid information ⋮ Optimal overbooking decision for a “Hotel + OTA” dual‐channel supply chain ⋮ On the single-leg airline revenue management problem in continuous time ⋮ A continuous-time seat control model for single-leg flights with no-shows and optimal overbooking upper bound ⋮ A network revenue management model with capacity allocation and overbooking ⋮ Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices ⋮ Integration of pricing and capacity allocation for perishable products

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